Director of Banking Relations

Job Description

Job Description

Director of Correspondent Banking, proactively identifies and develops strong relationships with banking partners with a focus on establishing a banking network that provides coverage for Intermex Agents to conveniently and efficiently deposit their funds due to the company. Additionally, continuously drive the reduction of bank costs through ongoing initiatives to seek the most cost-effective solution for Agent bank deposits. Work closely Treasury Department, Check Direct Department and the Banking Operations Department to ensure efficient implementation of banking costs initiatives

The incumbent will coordinate all initiatives related to Banking Operational solutions. Working directly with Product Management, Banking and Technology Teams to continually improve solutions. The Director of Banking Operations is expected to push the boundaries of what is possible in finding new solutions to banking initiatives to continually reduce banking fees and provide the best banking solutions to our Agents.

Duties and Responsibilities

• Develop and implement strategies to open new banking relationships throughout the Intermex Network to ensure coverage for our Agent to make deposits.
• Responsible for the management all U.S. / Canada bank accounts and relationships
• Maintains and retains all banking records, signature cards and agreements and updates as required.
• Coordinate due diligence process of new banking relationships and ongoing due diligences as required.
• Manage FBAR filing and assist FATCA filing with foreign banks.
• Review and execute cash management products to optimize the idle cash investments and minimizing the banking fees.
• Benchmark bank analysis to negotiate and reduce fees, as well as to identify alternative cash management products for increased saving and efficient use of cash.
• Review and analyzed each bank's products and procedures to come up improvements on banking solutions for Agent network.

Qualifications / Requirements :

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Intermex Wire Transfer LLC. is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.

When accepting employment with Intermex Wire Transfer LLC., you authorize Intermex to conduct a background check as part of the hiring process. This includes a review of your criminal history, education, and employment history. You have the right to receive a copy of the background check report if you request it. This authorization is in accordance with the Fair Credit Reporting Act.

This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, training, and apprenticeship. Intermex Wire Transfer LLC. makes hiring decisions based solely on qualifications, merit, and business needs at the time.

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